State Unemployment Rate Drops in October

By Associated Press&nbsp|&nbsp

Posted: Wed 5:59 PM, Nov 14, 2012

Authorities say Michigan's seasonally adjusted unemployment rate fell 0.2 percentage points in the latest month to 9.1 percent. The Michigan Department of Technology, Management and Budget released the October jobless figures Wednesday. The nation's October unemployment rate was 7.9 percent, up from 7.8 percent in September. The department says Michigan's workforce reached a 2012 high of 4.67 million in October. The state's jobless has fallen 0.8 percentage points over 12 months from an October 2011 level of 9.9 percent. The rate rose in four straight months from April's 8.3 percent to August's 9.4 percent, before edging down to 9.3 percent in September. Michigan says total employment in the state rose by a seasonally adjusted 13,000 in October to 4.25 million.

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